{"id":4974,"date":"2023-04-25T00:00:00","date_gmt":"2023-04-25T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/america\/vlts-could-operate-outside-non-tribal-land\/"},"modified":"2023-04-25T00:00:00","modified_gmt":"2023-04-25T00:00:00","slug":"vlts-could-operate-outside-non-tribal-land","status":"publish","type":"america","link":"https:\/\/www.mundovideo.com.co\/en\/america\/vlts-could-operate-outside-non-tribal-land\/","title":{"rendered":"VLT`s could operate outside non-tribal land"},"content":{"rendered":"<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">North Carolina lawmakers could <\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><strong>consider legalizing casino gambling<\/strong><\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">&nbsp;on non-tribal land and video lottery terminals (VLT) statewide after the push for online sports betting concludes.<\/span><\/span><\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">But making legal casinos in North Carolina happen outside tribal land (&ldquo;commercial&rdquo;) is going to be a tough task. As with many states considering casino gambling, the benefit of additional budget space from more gaming tax revenue doesn&rsquo;t always outweigh the drawback of the complexities of moving from tribal-only gaming to commercial and tribal gaming.<\/span><\/span><\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><strong>Study indicates commercial gambling in North Carolina could bring billions<\/strong><\/span><\/span><\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">A <\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><strong>Spectrum Gaming Group<\/strong><\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"> study&nbsp;commissioned by the conservative group <\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><strong>Greater Carolina<\/strong><\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"> indicated that expanding gaming to commercial casinos and VLTs could have the following impact:<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<table border=\"1\" cellpadding=\"1\" cellspacing=\"0\" style=\"width:567px\">\n<thead>\n<tr>\n<td>\n<p style=\"text-align:center\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><strong>Gaming Type<\/strong><\/span><\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align:center\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><strong>Gross Gaming Revenue Potential<\/strong><\/span><\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align:center\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><strong>20% Tax Rate<\/strong><\/span><\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align:center\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><strong>25% Tax Rate<\/strong><\/span><\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align:center\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><strong>30% Tax Rate<\/strong><\/span><\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align:center\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><strong>35% Tax Rate<\/strong><\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\n<p style=\"text-align:center\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Commercial Casinos<\/span><\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align:center\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">$1.7 billion<\/span><\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align:center\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">$336 million<\/span><\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align:center\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">$420 million<\/span><\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align:center\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">$504 million<\/span><\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align:center\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">$589 million<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p style=\"text-align:center\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Video Lottery Terminals<\/span><\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align:center\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">$1.9 billion<\/span><\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align:center\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">$379 million<\/span><\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align:center\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">$474 million<\/span><\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align:center\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">$569 million<\/span><\/span><\/p>\n<\/td>\n<td>\n<p style=\"text-align:center\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">$664 million<\/span><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The Spectrum projections assume that the state allows three commercial casinos, one in each of the following counties:<\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n<p style=\"margin-left:40px\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">1. Rockingham<\/span><\/span><\/p>\n<p style=\"margin-left:40px\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">2. Anson<\/span><\/span><\/p>\n<p style=\"margin-left:40px\"><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">3. Nash<\/span><\/span><\/p>\n<p style=\"margin-left:40px\">&nbsp;<\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The three casinos would capture traffic from three of the state&rsquo;s biggest metro areas: Charlotte, Winston-Salem, and Raleigh-Durham. That&rsquo;s a <\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><strong>considerable untapped market<\/strong><\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">, as the state has no casinos east of Charlotte.<\/span><\/span><\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">The report noted: &ldquo;Spectrum projects $1.682 billion in (gross gaming revenue) will be available to the assumed three new casinos in North Carolina after factoring in new in-state markets created by assumed new commercial casinos (and) in-state and out-of-state patronage retained by existing casinos in NC and VA.&rdquo;<\/span><\/span><\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:x-large\">As such, lawmakers could be intent on making expanded gaming happen.<\/span><\/span><\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><strong>Big revenue potential could expedite legal commercial casinos<\/strong><\/span><\/span><\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">From a dollars and cents perspective, expanded gambling means a big boost in the state&rsquo;s revenue. Depending on the tax rate that lawmakers choose, the state could make up to an <\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><strong>additional $1.3 billion in tax revenue<\/strong><\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">.<\/span><\/span><\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Additionally, Spectrum believed that adding commercial casinos and VLTs could have a $5 billion economic impact on the state.<\/span><\/span><\/p>\n<p><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\">Numbers like that make a strong case for expanding gaming. But the importance of gaming tax revenue goes beyond the bottom line. Lawmakers <\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"><strong>recently approved a budget<\/strong><\/span><\/span><span style=\"font-family:Arial,serif\"><span style=\"font-size:large\"> that would eliminate corporate taxes and lower income taxes.As those tax rates go down, the state has to look elsewhere to come up with income. Adding three commercial casinos and thousands of VLTs could fill that gap. <\/span><\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Study indicates commercial gambling in North Carolina could bring billions<\/p>\n","protected":false},"author":1,"featured_media":4975,"menu_order":335,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[2173,2172,2174,2171],"class_list":["post-4974","america","type-america","status-publish","format-standard","has-post-thumbnail","tag-non-casinos","tag-north-carolina","tag-outside-casinos-vlts","tag-vlts","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>VLT`s could operate outside non-tribal land - 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